The cryptocurrency market did not have a very good start to February. The market saw a decline as the spot Bitcoin ETF hype faded. However, many analysts are optimistic about the future of the market. On the other hand, we looked at the predictions of artificial intelligence algorithms for a more objective look. In this regard, we received end-February predictions for ADA, ETH and LUNC Coin from CoinCodex.
Artificial intelligence determined the ADA price for February 29
ADA, the native token of the Cardano Blockchain, is no stranger to sudden price increases and decreases. It has experienced large increases and almost as large decreases since it entered the market in 2017. It skyrocketed to $3 in 2021 and fell below $0.5 by mid-2022. ADA has been on an overall downward trend for more than a year. However, it started to rise in the last quarter of last year.
However, at the beginning of 2024, the cryptocurrency entered a correction process. During this period, ADA has lost approximately 20% of its value since January 1. We got predictions from CoinCodex’s AI-driven prediction algorithms on where ADA will be at the end of February. AI assesses that ADA will trade with significant volatility throughout February, albeit on an overall upward trajectory. They predict that the token will reach $0.543316 on February 29. This means that ADA will increase by 8.53% from its current approximate price of $0.5.
The platform also predicts that ADA will drop slightly in early March. In this direction, he estimates that it will approach $0.519478 within a month. Meanwhile, the token has had 14 green days in the last 30 days. Considering this, it is perhaps not surprising that sentiment in the crypto market measures neutral. However, the “Fear and Greed index”, the index that tracks investors’ attitude towards an asset, shows “greed” when it comes to ADA.
Artificial intelligence determined the LUNC Coin price for February 29
While the bullish trend is returning for many cryptocurrencies, Terra Classic (LUNC Coin) seems to have just halted its decline from the previous weeks and months. Artificial intelligence algorithms are optimistic about the LUNC Coin price at the end of this month. Advanced algorithms at CoinCodex predict the LUNC Coin price will be $0.000107 on February 29. LUNC Coin exceeded this price because it made a significant move today. It was currently trading at $0.000114, up over 10% on the day. This means that, according to artificial intelligence, it will lose some altitude from the current situation at the end of the month.
Artificial intelligence determined the ETH price for February 29
cryptokoin.comAs you follow from , Ethereum will perform the Dencun upgrade on February 7. With this upgrade, rising expectations for the Ethereum spot ETF, and positive market dynamics following Bitcoin’s stabilization, ETH looks poised for growth. According to advanced algorithms at CoinCodex, ETH will drop to $2,273 by February 29. This represents a loss of approximately 1.5% from the current level of $2,325 at the time of writing.
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